## Press Release: Statement by IMF Managing Director Christine Lagarde on the BRICS Summit

_IMF News, July 16, 2014_

## Source details

**Canonical URL:** [Press Release: Statement by IMF Managing Director Christine Lagarde on the BRICS Summit](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr14349)

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- [Markdown version](/en/news/articles/2015/09/14/01/49/pr14349/index.md)
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## Bibliographic details
- Published: July 16, 2014

---

### Press release metadata
- Press Release No.: 14/349
- Date: July 16, 2014
- Issued by: IMF COMMUNICATIONS DEPARTMENT, Media Relations
- Contact: E-mail: media@imf.org; Phone: 202-623-7100

### Key messages and findings
- Christine Lagarde conveyed congratulations to President Dilma Rousseff on hosting the BRICS leaders meeting in Fortaleza, Brazil.
- Recognition of the establishment of the Contingent Reserve Arrangement.
- The IMF expressed willingness to assist:
  - “IMF staff would be delighted to work with the BRICS team dedicated to this project with a view to reinforcing the cooperation among all parts of the international safety net intended to preserve financial stability in the world.”
- Statement on relationships:
  - “The IMF has a very strong relationship with all the BRICS nations, which are key members of this institution. We look forward to further strengthening our collaboration.”

### Policy engagement and operational intent
- Offer of operational collaboration:
  - IMF staff are prepared to work directly with the BRICS team focused on the Contingent Reserve Arrangement.
- Objective of engagement:
  - Reinforce cooperation among all parts of the international safety net.
  - Preserve financial stability in the world.

### Direct quotations (verbatim)
- “I would like to congratulate you on hosting a successful meeting of the BRICS leaders in Fortaleza, Brazil, and especially on establishing the Contingent Reserve Arrangement."
- “IMF staff would be delighted to work with the BRICS team dedicated to this project with a view to reinforcing the cooperation among all parts of the international safety net intended to preserve financial stability in the world."
- “The IMF has a very strong relationship with all the BRICS nations, which are key members of this institution. We look forward to further strengthening our collaboration.”

*Press Release No. 14/349 — Statement by IMF Managing Director Christine Lagarde on the BRICS Summit (July 16, 2014).*

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## References

- [Brazil and the IMF](http://www.imf.org/external/country/BRA/index.htm)
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- [PRESS CENTER](http://presscenter.imf.org/)
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_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr14349_